Shellback Capital LP Has Upped Its Lululemon Athletica (LULU) Position; Magnegas (MNGA) Shorts Raised By 20.06%

August 28, 2017 - By Michael Collier

Shellback Capital Lp increased Lululemon Athletica Inc (LULU) stake by 203.7% reported in 2016Q4 SEC filing. Shellback Capital Lp acquired 275,000 shares as Lululemon Athletica Inc (LULU)’s stock declined 26.14%. The Shellback Capital Lp holds 410,000 shares with $26.65 million value, up from 135,000 last quarter. Lululemon Athletica Inc now has $8.20 billion valuation. The stock declined 0.43% or $0.26 reaching $59.95 on the news. About 650,376 shares traded. Lululemon Athletica inc. (NASDAQ:LULU) has declined 19.33% since August 28, 2016 and is downtrending. It has underperformed by 36.03% the S&P500.

Magnegas Corporation (NASDAQ:MNGA) had an increase of 20.06% in short interest. MNGA’s SI was 305,200 shares in August as released by FINRA. Its up 20.06% from 254,200 shares previously. With 647,500 avg volume, 1 days are for Magnegas Corporation (NASDAQ:MNGA)’s short sellers to cover MNGA’s short positions. The SI to Magnegas Corporation’s float is 6.06%. About 131,585 shares traded. MagneGas Corporation (NASDAQ:MNGA) has declined 77.22% since August 28, 2016 and is downtrending. It has underperformed by 93.92% the S&P500.

Investors sentiment decreased to 0 in 2016 Q4. Its down 2.25, from 2.25 in 2016Q3. It dropped, as 4 investors sold MagneGas Corporation shares while 4 reduced holdings. 5 funds opened positions while 3 raised stakes. 1.68 million shares or 5.04% less from 1.77 million shares in 2016Q3 were reported. Morgan Stanley stated it has 5,000 shares or 0% of all its holdings. Creative Planning reported 20 shares. Blackrock Advisors Limited Liability Company stated it has 3,416 shares or 0% of all its holdings. Blackrock Fund Advisors holds 0% or 8,220 shares in its portfolio. Finemark Comml Bank Tru invested 0% in MagneGas Corporation (NASDAQ:MNGA). Northern Tru holds 60,053 shares or 0% of its portfolio. Benjamin F Edwards & has invested 0% in MagneGas Corporation (NASDAQ:MNGA). Geode Capital Ltd Liability Co reported 0% of its portfolio in MagneGas Corporation (NASDAQ:MNGA). Vanguard Gru reported 0% of its portfolio in MagneGas Corporation (NASDAQ:MNGA). Riggs Asset Managment Communications Inc has invested 0% of its portfolio in MagneGas Corporation (NASDAQ:MNGA). M&R Cap owns 5,000 shares for 0% of their portfolio. Kcg Holding owns 10,204 shares for 0% of their portfolio. Bank & Trust Of New York Mellon holds 0% in MagneGas Corporation (NASDAQ:MNGA) or 50,901 shares. Two Sigma Secs Ltd Llc, a New York-based fund reported 22,125 shares. Citadel Lc reported 52,885 shares stake.

MagneGas Corporation is an alternative energy company. The company has market cap of $6.33 million. The Firm creates and produces hydrogen alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. It currently has negative earnings. The Firm is also developing the use of fuel for co-combustion with hydrocarbon fuels to reduce emissions.

Among 38 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 19 have Buy rating, 2 Sell and 17 Hold. Therefore 50% are positive. Lululemon Athletica Inc. had 122 analyst reports since August 18, 2015 according to SRatingsIntel. As per Monday, August 15, the company rating was maintained by Telsey Advisory Group. Goldman Sachs maintained Lululemon Athletica inc. (NASDAQ:LULU) on Thursday, March 31 with “Sell” rating. The stock of Lululemon Athletica inc. (NASDAQ:LULU) has “Hold” rating given on Friday, September 11 by Canaccord Genuity. The rating was downgraded by Zacks to “Hold” on Monday, August 17. FBR Capital downgraded the shares of LULU in report on Monday, November 30 to “Underperform” rating. The stock has “Mkt Perform” rating by FBR Capital on Friday, September 11. The stock of Lululemon Athletica inc. (NASDAQ:LULU) has “Overweight” rating given on Monday, April 4 by JP Morgan. The stock of Lululemon Athletica inc. (NASDAQ:LULU) earned “Buy” rating by Cowen & Co on Monday, August 21. The stock of Lululemon Athletica inc. (NASDAQ:LULU) earned “Neutral” rating by UBS on Thursday, October 22. The firm has “Hold” rating by Credit Suisse given on Thursday, June 1.

Investors sentiment decreased to 0.96 in Q4 2016. Its down 0.07, from 1.03 in 2016Q3. It turned negative, as 51 investors sold LULU shares while 108 reduced holdings. 48 funds opened positions while 97 raised stakes. 114.20 million shares or 6.39% less from 121.99 million shares in 2016Q3 were reported. Moreover, Capital Fund Sa has 0.05% invested in Lululemon Athletica inc. (NASDAQ:LULU) for 97,487 shares. Research Glob Invsts holds 12.82 million shares or 0.27% of its portfolio. Next Fin Group Inc Inc Inc invested in 0% or 200 shares. 245,612 were reported by Pictet Asset Limited. Raymond James Financial Svcs Advsr reported 0% in Lululemon Athletica inc. (NASDAQ:LULU). 110 are owned by Edge Wealth Lc. First Mercantile Trust holds 0.1% or 10,000 shares. Pitcairn reported 4,508 shares stake. Wells Fargo Mn reported 0% stake. 119,170 are held by Sei Invests. State Of New Jersey Common Pension Fund D has invested 0.01% in Lululemon Athletica inc. (NASDAQ:LULU). The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0.01% in Lululemon Athletica inc. (NASDAQ:LULU). Point72 Asia (Hong Kong) Limited, Hong Kong-based fund reported 15,000 shares. Stevens Capital Ltd Partnership reported 68,225 shares. Capital Intll Ltd Ca accumulated 115,200 shares or 0.52% of the stock.